4969.12
Certain railroads may be sold at judicial sale.

The real and personal property, roadbed, right of way,
fixtures, and franchises of a railroad company in this state which has not
completed, nor conveyed by deed of trust or mortgage, any part of its railroad,
and which is insolvent, and whose property is in the hands of a receiver
appointed by a court of competent jurisdiction, may be sold at judicial sale,
and title thereto, with all the rights, liberties, faculties, and franchises,
shall pass by such sale, and vest in the purchaser thereof, as fully as they
had been possessed, exercised, and enjoyed by such company.